Challenger to release results on Monday
February 10, 2009 - 2:19PM
Challenger Financial Services Ltd says its first half profit should be within five per cent of the consensus of analyst forecasts.
"The group expects that its normalised profit, both pre and post tax, will be within 15 per cent of the previous corresponding period," it said in a statement on Tuesday.
"In addition, the group expects to be within five per cent of market consensus for the interim period of $108 million normalised net profit."
The funds manager was responding to a query from the Australian Securities Exchange about a fall in its share to 92 cents on Tuesday, from $1.21 on Monday.
Challenger, which will release its first half results on February 16, said it had no explanation for the price change.
The group reported a net profit of $95.7 million in the first half of 2007/08.
Challenger is 20.6 per cent owned by James Packer's Consolidate Press Holdings Ltd.
